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Here's What Key Metrics Tell Us About Ingersoll (IR) Q3 Earnings
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Ingersoll Rand (IR - Free Report) reported $1.74 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 14.7%. EPS of $0.77 for the same period compares to $0.62 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.69 billion, representing a surprise of +2.93%. The company delivered an EPS surprise of +10.00%, with the consensus EPS estimate being $0.70.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Ingersoll performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Precision and Science Technologies: $310.50 million versus the three-analyst average estimate of $343.43 million. The reported number represents a year-over-year change of -1.8%.
Revenue- Industrial Technologies and Services: $1.43 billion compared to the $1.34 billion average estimate based on three analysts. The reported number represents a change of +19.1% year over year.
Adjusted EBITDA- Precision & Science Technologies: $94.20 million versus $99.76 million estimated by three analysts on average.
Adjusted EBITDA- Industrial Technologies & Services: $410.90 million versus the three-analyst average estimate of $370.30 million.
Shares of Ingersoll have returned -3.5% over the past month versus the Zacks S&P 500 composite's -2.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Here's What Key Metrics Tell Us About Ingersoll (IR) Q3 Earnings
Ingersoll Rand (IR - Free Report) reported $1.74 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 14.7%. EPS of $0.77 for the same period compares to $0.62 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.69 billion, representing a surprise of +2.93%. The company delivered an EPS surprise of +10.00%, with the consensus EPS estimate being $0.70.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Ingersoll performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Precision and Science Technologies: $310.50 million versus the three-analyst average estimate of $343.43 million. The reported number represents a year-over-year change of -1.8%.
- Revenue- Industrial Technologies and Services: $1.43 billion compared to the $1.34 billion average estimate based on three analysts. The reported number represents a change of +19.1% year over year.
- Adjusted EBITDA- Precision & Science Technologies: $94.20 million versus $99.76 million estimated by three analysts on average.
- Adjusted EBITDA- Industrial Technologies & Services: $410.90 million versus the three-analyst average estimate of $370.30 million.
View all Key Company Metrics for Ingersoll here>>>Shares of Ingersoll have returned -3.5% over the past month versus the Zacks S&P 500 composite's -2.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.